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Ship Hull Insurance is an insurance product that provides protection for damage or loss of ships due to various risks, such as collisions, fires and natural disasters. Ship hull insurance can provide various benefits for ship owners, including: 1. Maintain financial stability. Ship hull insurance can help ship owners maintain their financial stability if the ship experiences damage or loss due to risks covered by the insurance policy. 2. Protect investments. Boat hull insurance can help boat owners protect their investment in the boat. 3. Fulfill legal obligations. In some cases, ship owners have a legal obligation to insure their ships, such as if the ship is used to transport goods belonging to other people. There are various types of ship hull insurance available, including: 1. Basic hull insurance. provides protection for damage or loss of ships due to collisions, fires and natural disasters. 2. Additional hull insurance. provides additional benefits, such as protection against damage
